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Nonprofit · EIN 36-6108515

INSTITUTE IN BASIC LIFE PRINCIPLES

Tax-exempt · BIG SANDY, TX 75755

Financials

$3.8M$5.7M2023$10.6M$5.8M2024
Revenue Expenses · by fiscal year end
Financials of INSTITUTE IN BASIC LIFE PRINCIPLES by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$10,618,026$5,816,946$4,801,080$54,384,162$1,146,414$53,237,748
December 31, 2023990$3,820,791$5,727,640-$1,906,849$49,715,702$1,387,213$48,328,489
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$366,656
Program service revenue
$764,934
Investment income
$7,946,606
Royalties
$2,536
Net rental income
$1,209,297
Net gain from sales of assets
$7,260,507
Net income from sales of inventory
$304,507
Other revenue
$1,539,830

Expenses

Grants and similar amounts paid
$96,076
Compensation of officers, directors and key employees
$271,760
Other salaries and wages
$1,134,615
Salaries, compensation and benefits (total)
$1,606,972
Professional fundraising fees
$0
Legal fees
$26,880
Accounting fees
$63,268
Occupancy
$1,227,624
Travel
$135,688
Depreciation
$1,089,288
Program services (functional)
$2,494,421
Management and general (functional)
$3,322,525

Balance sheet and other

Total assets, start of year
$49,715,702
Total assets, end of year
$54,384,162
Total liabilities, end of year
$1,146,414
Net assets, end of year
$53,237,748
Land, buildings and equipment
$31,843,094
Publicly traded securities
$2,731,565
Net assets without donor restrictions
$52,595,409
Net assets with donor restrictions
$642,339
Gross receipts
$14,042,766
Employees
80
Volunteers
100
Year formed
1961
State of legal domicile
IL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
ROBERT BARTHSECRETARY
Officer
43$108,667$4,586
BEN ZIESEMERTREASURER
Officer
37$76,513$2,467
TIM LEVENDUSKYPRESIDENT
Trustee or director, Officer
38$50,916$2,711
JOHN BECHTLEBOARD MEMBER
Trustee or director
0.5$24,600$0
GIL BATESBOARD MEMBER
Trustee or director
0.5$1,000$0
DAVID YORKBOARD MEMBER
Trustee or director
0.5$300$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensationOther / benefits
ROBERT BARTHSECRETARY
Officer
44$108,450$4,086
BEN ZIESEMERTREASURER
Officer
37$76,296$4,468
TIM LEVENDUSKYPRESIDENT
Trustee or director, Officer
37$51,050$2,546
JOHN BECHTLEBOARD MEMBER
Trustee or director
0.5$338$1,000
GIL BATESBOARD MEMBER
Trustee or director
0.5$1,000$0
DAVID YORKBOARD MEMBER
Trustee or director
0.5$1,000$0

Address and contacts

Address (IRS master file)
1 ACADEMY BLVD, BIG SANDY, TX 75755-5509
In care of
% INST
Principal officer (990 for 2024)
TIM LEVENDUSKY, ONE ACADEMY BLVD, BIG SANDY, TX 75755
Signed the 990
TIM LEVENDUSKY, PRESIDENT
Phone
(903) 636-2000

Mission

THE INSTITUTE IN BASIC LIFE PRINCIPLES WAS ESTABLISHED FOR THE PURPOSE OF INTRODUCING PEOPLE TO THE LORD JESUS CHRIST AND IS DEDICATED TO GIVING INDIVIDUALS, FAMILIES, CHURCHES, SCHOOLS, COMMUNITIES AND BUSINESSES CLEAR INSTRUCTION AND TRAINING ON HOW TO FIND SUCCESS BY FOLLOWING GOD'S PRINCIPLES FOUND IN SCRIPTURE. THESE GOALS ARE ACCOMPLISHED PRIMARILY THROUGH SEMINARS, EDUCATIONAL PROGRAMS, PRINTED LITERATURE, AND THE OPERATION OF CENTERS TO FACILITATE TRAINING.

990 for the year ended December 31, 2024

Program accomplishments

  • DURING 2024, FAMILY CONFERENCES AND A FAMILY CAMP WERE HELD PRESENTING BIBLICAL TEACHING AND TRAINING FOR YOUTHS AND ADULTS. THESE EVENTS WERE LIVE-STREAMED FOR PEOPLE OFF-SITE TO VIEW IN THE U.S. AS WELL AS WORLDWIDE.
    Expenses $1,018,056 · grants $11,207 · revenue $430,116
  • IN 2024, BIBLICAL TEACHING MATERIALS WERE CREATED IN THE FORM OF WRITTEN, AUDIO, VIDEO, AND LIVE PRESENTATIONS TO TEACH PRACTICAL TRUTHS FROM THE BIBLE. THESE CHRISTIAN MATERIALS WERE AVAILABLE FOR SALE AND DOWNLOADS, AS WELL AS MANY FREE MATERIALS FOR PEOPLE TO ACCESS ONLINE.
    Expenses $613,967 · revenue $361,458
  • IN 2024, IBLP PRESENTED TRAINING FOR YOUNG PEOPLE IN THE AREAS OF PERSONAL DISCIPLESHIP AND MUSIC, AND PROVIDED PROGRAMS FOR STRENGTHENING FAMILIES THROUGH PARENT AND CHILD ACTIVITIES. IBLP ALSO MINISTERED TO INMATES THROUGH FAITH-BASED CHAPLAINCY PROGRAMS.
    Expenses $691,663 · grants $24,577 · revenue $87,026
  • DURING 2024, SEMINARS AND CONFERENCES WERE CONDUCTED AND MATERIALS WERE SOLD IN FOREIGN COUNTRIES TO EDUCATE PEOPLE HOW TO FIND SUCCESS IN FOLLOWING GOD'S PRINCIPLES. DURING 2024, ORGANIZATION RECEIVED RENTAL INCOME FROM AN AFFILIATED EXEMPT ORGANIZATION.
    Expenses $170,735 · grants $60,292 · revenue $190,841

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
36-6108515
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1963
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$54,384,162
Income (IRS master file)
$14,042,766

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$10,618,026$5,816,946$54,384,162XML
990December 2023$3,820,791$5,727,640$49,715,702XML
990December 2022$4,556,964$6,958,079$51,386,340IRS
990December 2021–––IRS
990December 2020–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 36-6108515).

Questions about INSTITUTE IN BASIC LIFE PRINCIPLES

What is the EIN of INSTITUTE IN BASIC LIFE PRINCIPLES?
The employer identification number (EIN) of INSTITUTE IN BASIC LIFE PRINCIPLES is 36-6108515.
Is INSTITUTE IN BASIC LIFE PRINCIPLES tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1963.
Are donations to INSTITUTE IN BASIC LIFE PRINCIPLES tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does INSTITUTE IN BASIC LIFE PRINCIPLES file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of INSTITUTE IN BASIC LIFE PRINCIPLES due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did INSTITUTE IN BASIC LIFE PRINCIPLES last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of INSTITUTE IN BASIC LIFE PRINCIPLES?
The 990 for the year ended December 31, 2024 names TIM LEVENDUSKY.
Who are the officers and directors of INSTITUTE IN BASIC LIFE PRINCIPLES?
The 990 for the year ended December 31, 2024 lists 6 people; 6 received compensation from the organization, the highest $108,667 (ROBERT BARTH, SECRETARY).
How much revenue does INSTITUTE IN BASIC LIFE PRINCIPLES have?
On its 990 for the year ended December 31, 2024 it reported revenue of $10,618,026, expenses of $5,816,946 and total assets of $54,384,162 at year end.

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